African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

55446 group faults fgs concession plan for ajaokuta steel itakpe iron ore

Group faults FG’s concession plan for Ajaokuta Steel, Itakpe Iron Ore

By Ifunanya / May 1, 2023

An advocacy group, Kogi Heritage Protection Advocacy, has implored the Bureau of Public Enterprises and the Economic and Financial Crimes […]

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‘It’s an irrelevant burden’ – Expert faults FIRS new VAT filing process

By Ifunanya / May 1, 2023

A fellow of the Chartered Institute of Taxation of Nigeria, Dr Gbenga Adeoye, has faulted the new process introduced by […]

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FG raises alarm over N4trn debt owed by companies

By Ifunanya / May 1, 2023

Asset Management Corporation of Nigeria, AMCON, an agency of the federal government, has called for stakeholders’ support in recovering N4 […]

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Contractor misses Lagos-Ibadan Expressway April completion date

By Ifunanya / May 1, 2023

The Federal Government has again postponed the reopening of the Lagos-Ibadan Expressway, saying the April 30 date earlier stated will […]

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CBN speaks on withdrawal of redesigned notes amid scarcity

By Ifunanya / May 1, 2023

The Central Bank of Nigeria, CBN, has reacted to claims that it planned to phase out redesigned N1000, N500 and […]

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Buhari to inaugurate Zuba Estate Tuesday

By Ifunanya / May 1, 2023

The Federal Government is set to formally inaugurate the Zuba Housing Estate on Tuesday. The estate built by the Federal […]

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55112 group demands release of n200bn cbn housing intervention fund

Group demands release of N200bn CBN housing intervention fund

By Ifunanya / May 1, 2023

The Housing Development Advocacy Network has urged the Federal Government to disburse the N200 billion intervention approved by the Central […]

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Suntrust Bank declares N1.51bn PBT for 2022

By Ifunanya / April 30, 2023

Commercial bank, SunTrust Bank Nigeria Limited, has declared a Profit Before Tax of N1.51bn for the year ended December 31st […]

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54744 estimated billing customers hit 6m despite buharis mass metering initiative

Estimated billing customers hit 6m despite Buhari’s Mass Metering Initiative

By Ifunanya / April 30, 2023

Electricity consumers who use the estimated billing system rose to six million in the third quarter of 2022 from 5.55 […]

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Estimated billing customers now six million

By Ifunanya / April 30, 2023

The total estimated customers stood at about 6 million in the third quarter of 2022, higher by 1.1 per cent […]

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54731 stakeholders to discuss tech trends

Stakeholders to discuss tech trends

By Ifunanya / April 30, 2023

Stakeholders would be converging at this year’s IOT West Africa Conference and Exhibition to look into emerging trends in blockchain […]

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54576 fg must equip marine police to boost water transportation operator

FG must equip marine police to boost water transportation – Operator

By Ifunanya / April 30, 2023

The President of the Association of Tourist Boat Operators and Water Transporters of Nigeria, Tarzan Balogun, who is also the […]

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54578 firm commences data centre construction

Firm commences data centre construction

By Ifunanya / April 30, 2023

Rack Centre, a data centre, has commenced the construction of a new data centre known as LGS 2 in Ikeja, […]

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CBN’s Net Domestic Credit rose to N70.6trn in March

By Ifunanya / April 29, 2023

Amid the growing debt burden, the Central Bank of Nigeria’s Net Domestic Credit rose to N70.6 trillion in March from […]

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FG, Lagos disagree over Banana Island building collapse

By Ifunanya / April 29, 2023

The Federal Government, through the National Inland Waterways Authority, and the Lagos State Government have divergent views over the collapsed […]

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Seplat Energy revenue rises by 36.9% amid crisis

By Ifunanya / April 29, 2023

Indigenous oil exploration company, Seplat Energy Plc, grew its revenue by 36.9 per cent to $331m in the first quarter […]

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54041 otedola sells shares in transcorp to tony elumelu scaled

Otedola sells shares in Transcorp to Tony Elumelu

By Ifunanya / April 28, 2023

Popular Nigerian billionaire Femi Otedola has sold his 6.3% stake in Transnational Corporation Plc (Transcorp) to its chairman, Tony Elumelu. […]

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Akwa Ibom’s 2022 IGR N35bn – IRS

By Ifunanya / April 28, 2023

The chairman of Akwa Ibom State Internal Revenue Service, IRS, Mr Okon Okon, said the commission generated approximately N35 billion […]

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18590 Imo State map

Akwa Ibom records N34.8bn IGR in 2022 – AKIRS

By Ifunanya / April 28, 2023

Akwa Ibom State Internal Revenue Services said it recorded an increase of over N34.8bn in its revenue generation for the […]

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53863 gdp fell 11 n12bn projects abandoned over insecurity cds

GDP fell 11%, N12bn projects abandoned over insecurity – CDS

By Ifunanya / April 28, 2023

The Chief of Defence Staff, General Lucky Irabor, has said the spate of insecurity across different parts of the country […]

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